El Palacio de Hierro luxury department store, Mexico City | Source: iluminet.com

Ferragamo Chief Norsa Says Mexico Is Strongest Luxury Market (Bloomberg)
“Salvatore Ferragamo SpA Chief Executive Officer Michele Norsa said the Italian fashion brand’s strongest sales growth among major economies this year has been in Mexico, where the wealthy spent more at home as the peso fell.”

Asos benefits from overseas sales (FT)
“In a statement ahead of its annual shareholder meeting, Asos said trading was in line with expectations for the six months to September 30. The fashion site said it had 1.2m active customers in the period, up from 890,000 a year ago, with 5.6m visitors a month.”

U.K. Retail Sales Index Rises to Highest Since April, CBI Says (Bloomberg)
“Retailers saying sales increased from a year earlier outnumbered those reporting declines by 3 percentage points, compared with a reading of minus 16 points in August, the biggest U.K. business lobby said in a statement in London today.”

M&S Sales Improving, Cautious On Outlook (WSJ)
“U.K. retailer Marks & Spencer Group PLC Wednesday reported better-than-expected fiscal second-quarter sales, driven by the introduction of more affordable food and revamped clothing and homeware ranges, but cautioned that trading conditions will remain difficult well into next year due to the economic downturn.”

Random Thoughts Before the Train to Paris (New York Times)
Cathy Horyn collects her thoughts before her arrival in Paris.

Zandra Rhodes for Marks & Spencer

LONDON, United Kingdom — She may have given up the boyfriend and lost the company, but Noelle Reno, the founder of Degrees of Freedom with ex-boyfriend Matthew Mellon, has retained her love of working in fashion. After a year hiatus in the wake of the separation (during which she filed suit against Mellon in Manhattan Superior Court), she’s back in London and hard at work on her next fashion project—trying to grow Zandra Rhodes into a global lifestyle brand.

“She belongs up there with Vivienne Westwood,” Reno told The Business of Fashion. “She set so many trends.”

Rhodes’ recent successful collaborations with Top Shop and Marks & Spencer convinced Reno that now is an opportune time to seize upon what she sees as the growing public interest in the Zandra Rhodes brand. “Zandra Rhodes is already a luxury, lifestyle brand and we are simply working on expanding product categories that offers quality and value,” Reno said. “Zandra has enjoyed working on the collaborations with major retailers and in focusing again on her core business.”

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Marks & Spencer, photo courtesy of the Sun UK.

Marks & Spencer to Cut 1,230 Jobs (WWD)
Marks & Spencer’s chairman expects its “gross profit margin to be 1.75 percentage points lower than the previous year,” and plans to cut 1,230 jobs.

New Year, bad news (Just Style)
The “disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings over the next couple of months.”

Calvin Klein, Michael Kors Confirmed For New York Fashion Week (WSJ)
Not everyone is bowing out of fashion week as IMG confirms the shows of Calvin Klein and Donna Karan.

Iconix’s New Latin America Joint Venture (WSJ)
Iconix, which owns Candies and Badgley Mischka, will distribute its brands to Latin America in a joint effort with New Brands Americas LLC.